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Published Impact Analyses

Official website for Published Impact Analyses for decisions announced by the Australian Government, Ministerial Forums and National Standard Setting Bodies.

Aust Gov
Australian Prudential Regulation Authority
Sunsetting Instruments and Guidelines

Announcement date
23 September 2024

Link to announcement 
APRA remakes Prudential Standard APS 117 Capital Adequacy: Interest Rate Risk in the Banking Book (Advanced ADIs) | APRA

Problem being addressed
APRA notes that under the Legislation Act 2003, the Prudential Standard APS 117 Capital Adequacy: Interest Rate Risk in the Banking Book is due to sunset on 1 April 2025.

Proposal
APRA propose to remake the regulations without significant changes. 

Assessed Impact Analysis outcome
Sunsetting instrument 

Aust Gov
Department of the Treasury
Impact Analysis (IA)

Announcement date
18 September 2024 

Link to announcement
Payday superannuation design details to ensure super is paid on time

Problem being addressed
Retirement outcomes are not served by employees making uninformed or disengaged choices about their superannuation fund. Where employees are uninformed or disengaged, stapling and default superannuation fund arrangements protect consumers. Advertising of superannuation products during onboarding can confuse or pressure employees to make uninformed decisions, open inappropriate products and unintentionally create duplicate accounts. 
 
Proposal

Aust Gov
Department of Health and Aged Care
Impact Analysis Equivalent

Announcement date

16 September 


Link to announcement 

Once in a generation aged care reforms | Health Portfolio Ministers | Australian Government Department of Health and Aged Care


Problem being addressed

The Royal Commission into Aged Care Quality and Safety (the Royal Commission) found that at least 1 in 3 people accessing residential aged care and home services have experienced substandard care, and that the objectives, regulation and funding of the Australian aged care system is complex and piecemeal. 

Aust Gov
Department of the Treasury
Impact Analysis (IA)

Announcement date
11 September 2024


Link to announcement 
Total ban on the use of adverse genetic testing results in life insurance 

Aust Gov
Department of Climate Change, Energy, the Environment and Water
Impact Analysis (IA)

Announcement date
12 September 2024

Link to announcement 
Future Made in Australia (Guarantee of Origin) Bill 2024 – Parliament of Australia (aph.gov.au) 

Problem being addressed

Within Australia there is a lack of transparent, consistent, and trusted, consistent, information on low-emission and clean Australian-made products, and no enduring mechanism to provide certification on renewable electricity.

Aust Gov
Department of Infrastructure, Transport, Regional Development, Communications and the Arts
Impact Analysis (IA)
Aust Gov
Attorney-General's Department
Impact Analysis (IA)

Announcement date
11 September 2024

Link to announcement 
 https://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r7243 

Problem being addressed
Australia’s Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) regime establishes a regulatory framework for combatting money laundering, terrorism financing and other serious financial crimes. The intent of Australia’s AML/CTF regime is to implement a regulatory framework that:

Commonwealth-State
Department of Health and Aged Care
Other

Announcement date
7 August 2024

Link to announcement 

https://www.medicalboard.gov.au/News/Current-Consultations.aspx

Problem being addressed
Health issues tend to increase as individuals age, which can be particularly problematic for medical practitioners if they have undiagnosed health issues that negatively affect their performance and increase risk to patients. Current regulatory measures are failing to detect some late career practitioners with health issues, with consequent increased risk of patient harm and increased risk of regulatory action by the Medical Board of Australia at the end of a long career.

Aust Gov
Australian Competition and Consumer Commission
Impact Analysis (IA)
Commonwealth-State
Department of Health and Aged Care
Other

Announcement date
5 August 2024

Link to announcement 
Public Consultation: Improving commercial foods for infants and young children - Australian Government Department of Health and Aged Care - Citizen Space

Problem being addressed
The nutritional quality of foods for infants and young children is critical as they have high nutrient requirements (relative to their energy needs) to support growth and development. Consumption of commercial foods for infants and young children is common, as parents see these as convenient, economical, and healthy options.